Pink Recession 2020 Report: Aussie mums bear brunt of family finances
With the economy in flux, there’s even greater pressure on Aussies to stay on top of their finances. But the strain is perhaps greatest on working mums. Mozo’s latest research shows that during the COVID-19 lockdown, 28% of women acted as the primary career for their children, while also working, compared to just 7% of men. Mozo Director, Kirsty Lamont says that being a primary carer heightens your workplace vulnerability with many of our survey respondents reporting they have struggled to make strides in their career after taking leave. This is creating what might be best termed, a ‘pink recession’: a long-term financial crisis for many working women.
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